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Owens-Illinois, Inc. (OI - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $17.37 to $18.46 in the past one month time frame.
The move came after news that the company has received a letter from its investor, Atlantic Investment Management, to consider initiatives to maximize shareholders' value.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Owens-Illinois currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Is OI going up? Or down? Predict to see what others think:Up or Down
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
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Owens-Illinois (OI) Catches Eye: Stock Jumps 9.9%
Owens-Illinois, Inc. (OI - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $17.37 to $18.46 in the past one month time frame.
The move came after news that the company has received a letter from its investor, Atlantic Investment Management, to consider initiatives to maximize shareholders' value.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Owens-Illinois currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Owens-Illinois, Inc. Price
Owens-Illinois, Inc. Price | Owens-Illinois, Inc. Quote
A better-ranked stock in the Industrial Products sector is Luxfer Holdings PLC (LXFR - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is OI going up? Or down? Predict to see what others think:Up or Down
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>